Shares of Andeavor Logistics LP (NYSE:ANDX) have received a consensus recommendation of “Hold” from the twenty-one analysts that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $50.38.

Several research analysts recently issued reports on ANDX shares. ValuEngine upgraded shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a research note on Monday, September 17th. Morgan Stanley increased their price target on shares of Andeavor Logistics from $46.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, August 24th. Credit Suisse Group started coverage on shares of Andeavor Logistics in a research note on Thursday, October 11th. They issued an “underperform” rating and a $46.00 price target for the company. Zacks Investment Research upgraded shares of Andeavor Logistics from a “sell” rating to a “hold” rating in a research note on Monday, September 17th. Finally, TheStreet lowered shares of Andeavor Logistics from a “b” rating to a “c+” rating in a research note on Tuesday, November 13th.

In other news, Director Jeff A. Stevens acquired 19,512 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The shares were bought at an average cost of $49.94 per share, with a total value of $974,429.28. Following the transaction, the director now owns 506,147 shares of the company’s stock, valued at approximately $25,276,981.18. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeff A. Stevens acquired 39,175 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The shares were purchased at an average cost of $50.14 per share, for a total transaction of $1,964,234.50. Following the completion of the transaction, the director now directly owns 527,136 shares in the company, valued at approximately $26,430,599.04. The disclosure for this purchase can be found here. Corporate insiders own 0.15% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Tortoise Capital Advisors L.L.C. boosted its holdings in shares of Andeavor Logistics by 8.8% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 14,726,926 shares of the oil and gas company’s stock valued at $715,140,000 after acquiring an additional 1,187,861 shares during the last quarter. Alps Advisors Inc. lifted its stake in shares of Andeavor Logistics by 5.7% in the 3rd quarter. Alps Advisors Inc. now owns 7,854,437 shares of the oil and gas company’s stock worth $381,411,000 after purchasing an additional 422,790 shares during the period. Eagle Global Advisors LLC lifted its stake in shares of Andeavor Logistics by 18.4% in the 2nd quarter. Eagle Global Advisors LLC now owns 2,842,150 shares of the oil and gas company’s stock worth $120,877,000 after purchasing an additional 440,833 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of Andeavor Logistics by 2.6% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 2,358,684 shares of the oil and gas company’s stock worth $100,316,000 after purchasing an additional 60,662 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of Andeavor Logistics by 15.8% in the 3rd quarter. Wells Fargo & Company MN now owns 1,955,183 shares of the oil and gas company’s stock worth $94,943,000 after purchasing an additional 266,941 shares during the period. 36.67% of the stock is currently owned by institutional investors.

NYSE ANDX traded down $1.41 during trading on Thursday, hitting $35.89. The company had a trading volume of 30,037 shares, compared to its average volume of 592,329. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. Andeavor Logistics has a one year low of $36.00 and a one year high of $55.21. The firm has a market capitalization of $9.18 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 4.10 and a beta of 1.63.

Andeavor Logistics (NYSE:ANDX) last issued its quarterly earnings data on Wednesday, November 7th. The oil and gas company reported $0.68 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.68. Andeavor Logistics had a net margin of 17.74% and a return on equity of 17.51%. The business had revenue of $843.00 million during the quarter, compared to analyst estimates of $571.56 million. During the same period in the prior year, the business earned $0.90 EPS. The company’s revenue for the quarter was up 44.1% on a year-over-year basis. On average, sell-side analysts predict that Andeavor Logistics will post 2.69 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Investors of record on Monday, November 5th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 11.48%. This is an increase from Andeavor Logistics’s previous quarterly dividend of $0.97. The ex-dividend date was Friday, November 2nd. Andeavor Logistics’s dividend payout ratio is 164.14%.

About Andeavor Logistics

Andeavor Logistics LP operates as a diversified midstream company in the United States. The Terminalling and Transportation segment comprises the Northwest Products Pipeline, including a regulated common carrier products pipeline running from Salt Lake City, Utah to Spokane, Washington and a jet fuel pipeline to the Salt Lake City International Airport; a regulated common carrier refined products pipeline system connecting its refinery to its terminals in Anchorage, Alaska; tankage and related equipment at the refinery; and crude oil and refined products terminals and storage facilities in the western, and southwest and midwestern U.S.

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Analyst Recommendations for Andeavor Logistics (NYSE:ANDX)

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